The chief executives of Intel and Micron will testify on March 23 before the U.S. Senate Commerce Committee as the industry and lawmakers make the case for $52 billion in U.S. subsidies for semiconductor chips manufacturing.
will testify on March 23 before the U.S. Senate Commerce Committee as the industry and lawmakers make the case for $52 billion in U.S. subsidies for semiconductor chips manufacturing.will also testify at the hearing, which will look at vulnerabilities in semiconductor supply chains and the sector's connection with American competitiveness.hearing on Wednesday. Reuters reported the planned hearing earlier.
The Senate in June and the House in February approved the $52 billion in subsidies in separate bills. "Get it to my desk as quickly as you can," Biden said last week. Cantwell said it was urgent to act, noting the chip shortage cost the global auto industry an estimated $210 billion in revenue in 2021 and a loss of production of 7.7 million cars.
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